West Company borrowed $10,000 on September 1,2016 from the Valley Bank.West agreed to pay interest annually at the rate of 6% per year.The note issued by West carried an 18-month term.Based on this information the amount of interest expense appearing on West's 2016 income statement would be
A) $-0-.
B) $150.
C) $60.
D) $200.
Correct Answer:
Verified
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